Spectral AI (MDAI) Cost of Revenue (2022 - 2026)

Spectral AI (MDAI) has 5 years of Cost of Revenue data on file, last reported at $2.0 million in Q1 2026.

• For the quarter ending Q1 2026, Cost of Revenue fell 44.5% year-over-year to $2.0 million; the trailing twelve-month figure through Mar 2026 stood at $9.2 million (down 44.43% YoY), and the FY2025 full-year result was $10.7 million, down 34.23% from the prior year.
• Cost of Revenue for Q1 2026 stood at $2.0 million, down from $2.2 million in the prior quarter.
• Across five years, Cost of Revenue topped out at $4.5 million in Q3 2024 and bottomed at $2.0 million in Q1 2026.
• The 5-year median for Cost of Revenue is $2.9 million (2023), against an average of $3.1 million.
• The widest annual swing landed in 2024, when Cost of Revenue soared 128.96%; it then plunged 51.82% in 2025.
• A 5-year view of Cost of Revenue shows it stood at $3.6 million in 2022, then decreased by 20.54% to $2.9 million in 2023, then surged by 49.28% to $4.3 million in 2024, then sank by 47.37% to $2.2 million in 2025, then declined by 12.32% to $2.0 million in 2026.
• The last three Cost of Revenue figures came in at $2.0 million (Q1 2026), $2.2 million (Q4 2025), and $2.2 million (Q3 2025), per Business Quant data.

Peer Comparison